Leon Huang Exits BTC Position After Short-Lived Long Bet
On January 20, on-chain activity revealed that prominent investor Leon Huang opened a Bitcoin long position early in the morning, purchasing 11 BTC at around $92,858, with a total exposure nearing $1.02 million. By 2:20 PM, the entire position was closed — resulting in a loss of approximately $22,000. This swift move highlights his recent preference for high-frequency, short-term trading amid volatile market conditions.
Ethereum Long Nears Liquidation Amid Mounting Pressure
At the same time, the associated wallet executed a partial stop-loss on its Ethereum long position, likely aiming to lower the average liquidation threshold. Despite the adjustment, the remaining ETH long exposure remains substantial at roughly $40.8 million, with an average entry of $3,234 and an unrealized loss of about $1.22 million. The current liquidation price stands at $3,110 — just 0.73% below the market price, signaling extreme vulnerability to downside moves.
From NFT Gains to Leveraged Losses: A Shrinking Portfolio
Known for early profits from blue-chip NFT investments, this trader has shifted focus to leveraged derivatives since October. However, repeated drawdowns have significantly reduced his portfolio from its peak above $100 million. The latest rapid BTC trade underscores a persistent aggressive strategy — one that’s increasingly tested in today’s choppy crypto markets.